Royal Bank of Scotland has sold a further portfolio of North American loans to Mizuho, as it continues to sell off unwanted international assets.» Read More
The U.K.'s hopes of a meaningful economic recovery in the near-term were dealt another blow by the IMF which singled out the country's fiscal plan for criticism.
Laurie McIlwee, CFO of Tesco, talks to CNBC about why the company failed in the US and what their growth strategy is in Europe.
Stephen Odell, executive vice president and president of EMEA at Ford Motor, tells CNBC that there are no signs yet of a recovery in the European car market.
Italy has raised its debt issuance target for this year by nearly 10 percent and is hoping to tap demand from Asian investors to meet the goal, its head of debt management told Reuters on Tuesday.
Sandro Pierri, CEO at Pioneer Investments sees a positive growth trend in China, U.S. and Europe. He expects growth-sensitive assets to outperform, starting from equities.
Italian prosecutors said they have ordered the seizure of 1.8 billion euros ($2.4 billion) of assets from Japanese bank Nomura as part of an investigation into a suspected fraud.
London staged its biggest political funeral in almost half a century as leaders gathered to say goodbye to the former prime minister.
European shares closed off their session lows on Tuesday, as U.S. earnings season kicked into high gear following a slew of upbeat earnings reports from heavyweights Goldman Sachs, Coca-Cola, and Johnson & Johnson. U.S. shares were boosted by the news and the pan-European FTSEurofirst 300 Index closed provisionally down.
European shares closed off their session lows on Tuesday, as U.S. earnings season kicked into high gear following a slew of upbeat earnings reports from heavyweights Goldman Sachs, Coca-Cola, and Johnson & Johnson.
Peter Schaffrik, head of european rates strategy at RBC Capital Markets, tells CNBC the recent fall in commodity prices is good for European countries which tend to be net importers of commodities.
The governor of Cyprus's central bank failed to regulate its banking system effectively, the island's president Nicos Anastasiades told ECB chief Mario Draghi.
Malta's banking sector is seven-times the size of its economy and proportionally bigger than that of Cyprus, but Fitch Ratings said although it is less at risk in the short-term, it could still fall foul of EU leaders' crackdown on outsized and offshore bank sectors.
The International Monetary Fund has urged advanced economies to use "all prudent measures" to boost sluggish demand, including monetary policy, even as it trimmed 2013 growth forecasts for the global economy to 3.25 percent.
CNBC's Ross Westgate reports European shares drifted lower as worries about the global outlook; a heavy sell-off in commodities; and two explosions at the Boston Marathon prompted investors to avoid risk.
Italian lawmakers will begin voting on Thursday to elect a new president, in the hope that they can end the country's political impasse, over which concerns are growing.
Anti-euro political parties are on the rise, find out why this one has analysts particularly worried.
The European Commission will propose "frontloading" payments to Cyprus from the EU budget so that allocations for the next seven years are paid early.
There could be trouble ahead for one of Europe's best performing economies, the leader of the country's opposition party warned.
France found more cases of illegal horsemeat in beef products than any other EU country, early results of DNA tests ordered in the wake of the scandal showed.
Karsten Schroeder, CEO and chairman at Amplitude Capital, tells CNBC that Merkel's popularity in Germany is only due to a lack of a better alternative.
Get the best of CNBC in your inbox
Hans-Werner Sinn, president of the Ifo Institute for Economic Research, says it's both likely and desirable for Greece to exit the euro zone, but adds that there could be opportunities to re-enter the union.
Hans-Werner Sinn, president of the Ifo Institute for Economic Research, says the ECB's extension of Emergency Liquidity Assistance (ELA) to Greece is merely delaying the country's bankruptcy.
Jacques Cailloux, chief European economist at Nomura, says there is a united front against Greece and that bargaining power remains on the side of creditors.